It is now ten years since the global financial crisis was kicked off by the collapse of Lehman Brothers. As hundreds of their former bankers reassemble at a swish cocktail and canape party, it is time to ask what happened to that phrase “never again” that was so over-used in the aftermath of the meltdown. Many of the biggest companies were bailed out but the social costs were high and long lasting, exacerbating inequalities.

On one hand, regulation has abjectly failed. The conditions for another financial crisis haven’t gone away – excessive government and private debt, incentives for risk taking, short termism and institutions being too big to fail. It is clear that, while we may have learned some lessons from the Global Financial Crisis, we have done little to change the conditions that would trigger the next one.

Around the world, a survey shows that the public’s belief in the financial system has been shaken. There is far less trust in bankers and the financial system than in pre-GFC times and over half of respondents say the system is failing.

And now we have the added risks of growing climate chaos and the political, military and trade tensions that have been inflamed by irresponsible behaviour of the elected leader of the world’s biggest economy. It’s no wonder that there are rumblings over a loss of confidence and increased warnings of a new financial crisis ahead.

Yet there have been changes. One of the positive changes has been the willingness of members of the public, professional investors and charitable trusts to look beyond financial return to ask where their money goes. A recent UK survey showed that more than half of the respondents said they would like their money to support companies which contribute to making a more positive society and sustainable environment. Ethical investment in the UK is at a tipping point, with rapid growth forecast over the next two decades. This is one of the deep changes that will shift the get-rich-quick, speculative economy towards responsibility and sustainability.

Change is also happening in New Zealand investment choices, driven by greater willingness to take personal action for sustainability. Members of the public, whether investing hundreds or millions, can be mindful about the impacts of their financial decisions and choose where their money goes. And there is growing evidence that investing ethically has average returns that are at least as high as traditional investing.

Mindful Money has joined with the Responsible Investment Association of Australasia to commission a similar public survey in New Zealand. Look out for the results on our website from 18 September.

Mindful Money has been established as a charity to help Kiwis understand how they can switch out of polluting and exploitative companies into companies that have high social and environmental standards. As an investor you can take the first step towards making your Kiwisaver account more ethical. Sign up on Mindful Money to be one of the first to take the simple three step journey to align your Kiwisaver account with your values.

Barry Coates is Founder and CEO of Mindful Money